Audit Adjustment. If any audit of the records, books or accounts relating to the Properties discloses an underpayment of Management Fees, Owner shall promptly pay to Manager the amount of such underpayment, and if such audit discloses an overpayment of management fees, the next payment due by Owner hereunder shall be reduced by the amount of such overpayment. If such audit discloses an overpayment of Management Fees for any fiscal year, Manager shall bear the cost of such audit.
Appears in 13 contracts
Samples: Management Agreement (Industrial Property Reit Inc.), Management Agreement (Logistics Property Trust Inc.), Management Agreement (Dividend Capital Total Realty Trust Inc.)
